US and Iranian negotiators made progress in talks on Tuesday, moving closer to a framework agreement to end the war, Axios reports citing officials

The progress in US and Iranian negotiations suggests a potential easing of tensions, which may stabilize the region and provide a boost to risk assets.

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US EIA Gasoline Stocks Change (Apr/10) -6.328M (Prev. -1.589M)

US EIA Heating Oil Stocks Change (Apr/10) -0.463M (Prev. 0.233M)

US and Iranian negotiators made progress in talks on Tuesday, moving closer to a framework agreement to end the war, Axios reports citing officials

Senior Lebanon officials says they have been briefed on efforts toward a Lebanon ceasefire and duration will likely be linked to the US-Iran ceasefire agreement

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If a framework agreement is reached, we could see significant impacts on oil prices and shifts in market positioning related to geopolitical risks.

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